National Highways Authority of India is an Indian company in the infrastructure industry with 39 outstanding bonds (ISINs) recorded on this page. Stated coupons on its fixed-rate bonds range from 6.5% to 8.75% a year. One has a floating or market-linked coupon. Maturity dates run from 25 Jan 2027 to 6 Mar 2050. NSDL records 38 of the 39 whose terms it holds as secured. Latest credit ratings on record: Brickwork AAA (Stable) (action dated 11 Aug 2026); CARE AAA (Stable) (action dated 17 Jul 2026); India Ratings AAA (Stable) (action dated 22 May 2026); ICRA AAA (Stable) (action dated 1 Apr 2026); CRISIL AAA (Stable) (action dated 15 Mar 2022). Verify current terms against the official documents linked on this page.
Data as of 15 Nov 2026 (snapshot 20261115-2253) · How this page is compiled
Issuer overview
- Legal name
- National Highways Authority of India
- LEI
- 335800P7TS317PBS7B04
- Company status
- Active
- Industry
- Infrastructure
- Business
- Toll bridge operator
- Ownership
- Public Sector Undertaking (PSU)
- ISIN issuer code
- INE906B
- Outstanding bonds (ISINs)
- 39 (plus 3 matured)
- Stated coupons (fixed rate)
- 6.5% – 8.75%
- Maturity dates
- 25 Jan 2027 – 6 Mar 2050
- Secured (NSDL)
- 38 of 39
- Combined issue size of outstanding bonds
- ₹150,199 crore
- Traded on
- BSE, NSE
Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.
National Highways Authority of India bonds: ISIN, coupon and maturity
39 outstanding bonds, by maturity date.
| ISIN | Type | Coupon | Interest paid | Allotted | Maturity | Face value | Issue size (₹ cr) | Security | Guarantee | Traded on | Rating (NSDL) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INE906B07CB9 | Tax-free bond | 8.3% | Yearly | 25 Jan 2012 | 25 Jan 2027 | ₹1,000 | 3,283 | Secured | None recorded | BSE, NSE | CRISIL AAA 31 Mar 2011 |
| INE906B07GN5 | Bond (NCD) | 8.37% | Yearly | 21 Jan 2019 | 20 Jan 2029 | ₹10,00,000 | 4,000 | Secured | None recorded | — | CRISIL AAA 14 Jan 2019 |
| INE906B07DE1 | Bond (NCD) | 8.5% | Yearly | 5 Feb 2014 | 5 Feb 2029 | ₹1,000 | 1,732 | Secured | None recorded | NSE | CRISIL AAA 16 Dec 2013 |
| INE906B07DF8 | Bond (NCD) | 8.75% | Yearly | 5 Feb 2014 | 5 Feb 2029 | ₹1,000 | 1,190 | Secured | None recorded | BSE, NSE | CRISIL AAA 16 Dec 2013 |
| INE906B07GO3 | Bond (NCD) | 8.49% | Yearly | 5 Feb 2019 | 5 Feb 2029 | ₹10,00,000 | 2,000 | Secured | None recorded | — | CRISIL AAA 14 Jan 2019 |
| INE906B07GP0 | Bond (NCD) | 8.27% | Yearly | 28 Mar 2019 | 28 Mar 2029 | ₹10,00,000 | 5,500 | Secured | None recorded | — | CRISIL AAA 15 Mar 2019 |
| INE906B07HD4 | NCD | 8.36% | Yearly | 20 May 2019 | 20 May 2029 | ₹10,00,000 | 5,000 | Secured | None recorded | — | CRISIL AAA 8 May 2019 |
| INE906B07HE2 | Bond (NCD) | 7.92% | Yearly | 6 Jun 2019 | 6 Jun 2029 | ₹10,00,000 | 5,000 | Secured | None recorded | — | CRISIL AAA 8 May 2019 |
| INE906B07HF9 | Bond (NCD) | 7.8% | Yearly | 26 Jun 2019 | 26 Jun 2029 | ₹10,00,000 | 5,000 | Secured | None recorded | — | CRISIL AAA 11 Jun 2019 |
| INE906B07HH5 | Bond (NCD) | 7.7% | Yearly | 13 Sep 2019 | 13 Sep 2029 | ₹10,00,000 | 5,000 | Secured | None recorded | — | CRISIL AAA 28 Aug 2019 |
| INE906B07HK9 | Bond (NCD) | 7.54% | Yearly | 27 Jan 2020 | 27 Jan 2030 | ₹10,00,000 | 1,100 | Secured | None recorded | — | CRISIL AAA 6 Jan 2020 |
| INE906B07HP8 | Bond (NCD) | 7.35% | Yearly | 28 Apr 2020 | 28 Apr 2030 | ₹10,00,000 | 3,000 | Secured | None recorded | — | CRISIL AAA 2 Apr 2020 |
| INE906B07EI0 | Tax-free bond | 7.35% | Yearly | 11 Jan 2016 | 11 Jan 2031 | ₹1,000 | 5,983 | Secured | None recorded | BSE, NSE | CRISIL AAA 2 Dec 2015 |
| INE906B07EJ8 | Tax-free bond | 7.6% | Yearly | 11 Jan 2016 | 11 Jan 2031 | ₹1,000 | 2,675 | Secured | None recorded | BSE, NSE | CRISIL AAA 2 Dec 2015 |
| INE906B07EO8 | Tax-free bond | 7.39% | Yearly | 9 Mar 2016 | 9 Mar 2031 | ₹1,000 | 1,882 | Secured | None recorded | NSE | CRISIL AAA 8 Feb 2016 |
| INE906B07EP5 | Tax-free bond | 7.69% | Yearly | 9 Mar 2016 | 9 Mar 2031 | ₹1,000 | 1,128 | Secured | None recorded | BSE, NSE | CRISIL AAA 8 Feb 2016 |
| INE906B07IE0 | Bond (NCD) | 6.5% | Yearly | 5 Aug 2020 | 11 Apr 2031 | ₹10,00,000 | 1,270 | Secured | None recorded | — | CRISIL AAA 14 Jul 2020 |
| INE906B07JA6 | Bond (NCD) | 6.87% | Yearly | 22 Dec 2021 | 14 Apr 2032 | ₹10,00,000 | 1,180 | Secured | None recorded | — | CRISIL AAA 25 Nov 2021 |
| INE906B07FW8 | Bond (NCD) | 7.38% | Yearly | 24 Aug 2017 | 24 Aug 2032 | ₹10,00,000 | 5,000 | Secured | None recorded | — | CRISIL AAA 16 Aug 2017 |
| INE906B08021 | Bond (NCD) | 7.64% | Yearly | 22 Nov 2017 | 22 Nov 2032 | ₹10,00,000 | 5,000 | Unsecured | None recorded | — | CRISIL AAA 31 Oct 2017 |
| INE906B07HI3 | Bond (NCD) | 7.87% | Yearly | 9 Dec 2019 | 9 Dec 2034 | ₹10,00,000 | 3,000 | Secured | None recorded | — | CRISIL AAA 2 Dec 2019 |
| INE906B07HL7 | Bond (NCD) | 7.27% | Yearly | 24 Feb 2020 | 24 Feb 2035 | ₹10,00,000 | 5,000 | Secured | None recorded | — | CRISIL AAA 17 Feb 2020 |
| INE906B07HO1 | Bond (NCD) | 7.82% | Yearly | 30 Mar 2020 | 30 Mar 2035 | ₹10,00,000 | 3,119 | Secured | None recorded | — | CRISIL AAA 16 Mar 2020 |
| INE906B07IC4 | Bond (NCD) | 6.99% | Yearly | 28 May 2020 | 28 May 2035 | ₹10,00,000 | 1,500 | Secured | None recorded | BSE | CRISIL AAA 11 May 2020 |
| INE906B07ID2 | Bond (NCD) | 6.98% | Yearly | 29 Jun 2020 | 29 Jun 2035 | ₹10,00,000 | 2,500 | Secured | None recorded | — | CRISIL AAA 17 Jun 2020 |
| INE906B07HN3 | Bond (NCD) | 7.52% | Yearly | 19 Mar 2020 | 19 Mar 2036 | ₹10,00,000 | 4,791 | Secured | None recorded | — | CRISIL AAA 16 Mar 2020 |
| INE906B07II1 | Bond (NCD) | 6.94% | Yearly | 30 Dec 2020 | 30 Dec 2036 | ₹10,00,000 | 6,000 | Secured | None recorded | BSE | CRISIL AAA 11 Dec 2020 |
| INE906B07JB4 | Bond (NCD) | 7.12% | Yearly | 14 Mar 2022 | 14 Mar 2037 | ₹10,00,000 | 3,941 | Secured | None recorded | BSE | CRISIL AAA 15 Mar 2022 |
| INE906B07IG5 | Bond (NCD) | 6.94% | Yearly | 27 Nov 2020 | 27 Nov 2037 | ₹10,00,000 | 5,000 | Secured | None recorded | BSE | CRISIL AAA 17 Nov 2020 |
| INE906B07IY8 | Bond (NCD) | 7.26% | Yearly | 10 Aug 2021 | 10 Aug 2038 | ₹10,00,000 | 6,000 | Secured | None recorded | BSE | CRISIL AAA 5 Aug 2021 |
| INE906B07IK7 | Bond (NCD) | 7.28% | Yearly | 8 Mar 2021 | 8 Mar 2039 | ₹10,00,000 | 6,000 | Secured | None recorded | — | CRISIL AAA 8 Feb 2021 |
| INE906B07IF7 | Bond (NCD) | 7.14% | Yearly | 10 Sep 2020 | 10 Sep 2040 | ₹10,00,000 | 6,000 | Secured | None recorded | BSE | CRISIL AAA 24 Aug 2020 |
| INE906B07IH3 | Bond (NCD) | 7.03% | Yearly | 15 Dec 2020 | 15 Dec 2040 | ₹10,00,000 | 5,731 | Secured | None recorded | BSE | CRISIL AAA 17 Nov 2020 |
| INE906B07IZ5 | Bond (NCD) | 7.05% | Yearly | 28 Sep 2021 | 28 Sep 2041 | ₹10,00,000 | 6,000 | Secured | None recorded | BSE | CRISIL AAA 13 Sep 2021 |
| INE906B07FU2 | Bond (NCD) | 7.24% | Yearly | 16 Jun 2017 | 16 Jun 2047 | ₹10,00,000 | 5,000 | Secured | None recorded | — | CRISIL AAA 29 May 2017 |
| INE906B07FV0 | Bond (NCD) | 7.14% | Yearly | 14 Jul 2017 | 12 Jul 2047 | ₹10,00,000 | 3,500 | Secured | None recorded | — | CRISIL AAA 7 Jul 2017 |
| INE906B07GK1 | Bond (NCD) | Floating / market-linked | Yearly | 28 Jun 2018 | 28 Jun 2048 | ₹10,00,000 | 2,195 | Secured | None recorded | — | CRISIL AAA 8 Jun 2018 |
| INE906B07GQ8 | Bond (NCD) | 8.18% | Yearly | 29 Mar 2019 | 29 Mar 2049 | ₹10,00,000 | 2,500 | Secured | None recorded | — | CRISIL AAA 15 Mar 2019 |
| INE906B07HM5 | Bond (NCD) | 7.48% | Yearly | 6 Mar 2020 | 6 Mar 2050 | ₹10,00,000 | 6,500 | Secured | None recorded | BSE | CRISIL AAA 17 Feb 2020 |
Notes on this table
- Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
- Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
- "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
- Prices and yields are not shown. They change with every trade: see BSE and NSE.
- Terms used in this table: ISIN · Coupon rate · Yield to maturity (YTM) · Secured NCD · Unsecured NCD · Floating rate bond · Credit rating.
Public NCD issues
| Issuer | Opened | Coupon | Tenor | Rating | Issue size |
|---|---|---|---|---|---|
| National Highways Authority of India | 24 Feb 2016 | — | — | — | — |
Private placements and disclosure documents
From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.
Company details
- Date of incorporation
- 8 May 2005
- Listed / unlisted
- Unlisted
National Highways Authority of India bonds: questions and answers
What bonds has National Highways Authority of India issued?
National Highways Authority of India has 39 outstanding bonds recorded on this page. By type, as described by NSDL: 33 bond (ncd), 5 tax-free bond, 1 NCD. 3 further ISINs on record have passed their maturity dates and are not counted as outstanding.
What are the ISINs of National Highways Authority of India bonds?
Its 39 outstanding bonds each have their own ISIN, for example INE906B07CB9, INE906B07GN5, INE906B07DE1. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE906B.
What coupon rates do National Highways Authority of India bonds pay?
Stated coupons on its fixed-rate outstanding bonds range from 6.5% to 8.75% a year on face value. One bond has a floating or market-linked coupon. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.
When do National Highways Authority of India bonds mature?
Its outstanding bonds have maturity dates from 25 Jan 2027 to 6 Mar 2050. The bond table lists the maturity date of each ISIN.
What is the latest credit rating of National Highways Authority of India bonds?
NSDL India Bond Info records Brickwork AAA (Stable) (action dated 11 Aug 2026); CARE AAA (Stable) (action dated 17 Jul 2026); India Ratings AAA (Stable) (action dated 22 May 2026); ICRA AAA (Stable) (action dated 1 Apr 2026); CRISIL AAA (Stable) (action dated 15 Mar 2022) on its outstanding bonds. Checked on NSDL on 7 Nov 2026. A rating is the agency's opinion and can change at any time.
Are National Highways Authority of India bonds secured, unsecured or guaranteed?
NSDL records 38 of the 39 outstanding bonds whose terms it holds as secured and 1 as unsecured. None is recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.
Where can investors find the original disclosure documents for National Highways Authority of India bonds?
Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.
How can investors check the current market price or yield of National Highways Authority of India bonds?
This page does not show prices or yields. Trades in these bonds are reported on BSE and NSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.
Sources and dates
- NSDL India Bond Info: bond terms, issuer identity and ratings by ISIN
- BSE and NSE: bonds that have traded, and their exchange listings
- BSE: privately placed debt securities
- Methodology: how these pages are compiled and checked
Data as of 15 Nov 2026 (snapshot 20261115-2253). Facts on this page last changed on 12 Nov 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.
